Jun 15, 2017

ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD.Buy/Sell/Hold? Short - Mid Term
View 15 JUNE 2017 For Trading Positional Funda-Technical Analysis Recommendation

ICICI PRUDENTIAL
LIFE INSURANCE COMPANY LTD.

Recommendation: Strong
Buy

View : Short to Mid
Term

Strategy : ?

CMP : bse cash 437

Commentary:

Clearly the
financial services space is ruling the roost of equity markets at this point
baring the bad loans ridden banks and excepting the surprising NPA disclosure
of state owned Power Finance Corporation limited.

ICICI PRUDENTIAL
LIFE INSURANCE COMPANY LTD is one of very good example of the upcoming
exponential growth story of financial service sector. The insurance sector in
India can be said to be in nascent stage and there is lack of valuation
references excepting the Max Financial Services stock which has been also
flying high since a year. Apart from that the valuation of insurance subsidiaries
of banks have not found their recognization in the respective bank stocks
because the way stock market works is that it wants different valuation
unlocking actions.

In fact, ICICI PRU
LIFE represents a promising view of the entire sector as it is a profit making
company.

We clearly
recommend a strong and easy buy on this one. The way it has come back is also
very promising from short term trading perspective.

The stock will go
to 1000 in next 12-18 months and further upside is also not ruled out.

This is only a brief commentary; you can contact
us for complete research, analysis and view on the stock.

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